Recommendation for appointment of Auditors
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Awaiting price reaction for this filing.
Shine Fashions' board, at its June 6, 2025 meeting, approved the appointment of Gada Chheda & Co. LLP as Statutory Auditors and JPS & Associates as Secretarial Auditors, both for five-year terms starting FY 2025-26, subject to shareholder approval. H.M. Sheth and Associates was also appointed as Internal Auditor. On the board side, two Independent Directors — Nikita Dungarshi Mange and Nikita Nikhil Rathod — were re-appointed for another five-year term, while Ms. Labdhi Manish Vora was appointed as a new Independent Director replacing Mr. Priyank Ramesh Doshi whose five-year tenure ended. Additionally, current CFO Mrs. Binal Anish Mehta was recommended for appointment as Whole Time Director for five years.
This is a routine governance update — auditor and Independent Director appointments require shareholder approval at the upcoming AGM and are unlikely to move the stock meaningfully. The promotion of the promoter's wife from CFO to Whole Time Director concentrates more board power within the promoter family, which some investors may view as a governance flag worth monitoring.